The Hindu Editorial (External woes) – May 18, 2019

The estimates for foreign trade showing a sharp slowdown in merchandise export growth in April,… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (External woes) – May 18, 2019.

To read this article, click here.

This preview is provided here with permission.

Courtesy: The Hindu

Today’s word list-1 for The Hindu Editorial (External woes) – May 18, 2019:

woes (noun) – trouble, difficulty, problem.
trade deficit (noun) – a trade deficit (a deficit in the balance of trade) occurs when the value of a country’s imports exceeds that of its exports. It is also called a trade gap.
slowdown (noun) – economic decline, recession, slump/depression.
merchandise (noun) – goods, commodities, produce.
ought to (modal verb) – must, should.
add to (verb) – increase, escalate; aggravate/worsen.
strip away (phrasal verb) – to gradually reduce/remove something (unimportant/unnecessary) from something else; uncover, reveal.
surge (noun) – sudden increase, rise, growth.
contract (verb) – decrease, diminish, reduce.
slump (noun) – steep fall, plunge, drop/collapse.
contraction (noun) – decline, decrease, reduction/shrinking.
shrunk (past participle of shrink) (verb) – lessen, reduce, decrease.
protracted (adjective) – very long, lengthy, prolonged.
consumption demand (noun) – the demand for goods and services by individuals and households in the economy.
decelerate (verb) – slow down, reduce speed, slack up.
accelerate (verb) – increase, rise, escalate.
Brent crude (noun) – a classification of crude oil produced from the oil platform in the North Sea.
insatiable (adjective) – unappeasable, uncontrollable, never satisfied.
appetite (noun) – yearning, longing, desire.
reflection (noun) – thought/thinking, consideration, view.
becalm (verb) – strand, stuck, marooned/unmoving.
outpace (verb) – surpass, outshine, do better than.
shortfall (noun) – deficit, inadequacy/deficiency; shortcoming/defect.
burgeoning (adjective) – increasing/growing rapidly, flourishing, snowballing.
current account deficit (noun) – The amount by which money relating to trade, investment etc going out of a country is more than the amount coming in.
provisional (adjective) – interim, temporary, tentative/makeshift.
preceding (adjective) – previous, prior, earlier.
headwinds (noun) – (in business) situations or conditions that make growth harder/difficult. Whereas tailwinds describe a situation or condition that will move growth, revenues, or profits higher.
trade war (noun) – a condition in which a country increase tariffs on foreign goods and impose quota restrictions to restrict other countries’ trade.
knock-on (modifier) – secondary, indirect, cumulative.
outlook (noun) – prospects, expectations, hopes.
far from (phrase) – not, not at all, nowhere near.
contain (verb) – restrain, control, limit/keep in check.
pressing (adjective) – important, high-priority, critical/crucial.
address (verb) – attend to, tackle, deal with.